Meta has introduced it would lay off 11,000 staff or round 13 p.c of the corporate’s complete employees. CEO Mark Zuckerberg introduced the information in a weblog put up, saying he was at fault for being overoptimistic in regards to the firm’s future progress based mostly on a pandemic surge.
“At the start of Covid, the world rapidly moved online and the surge of e-commerce led to outsized revenue growth,” mentioned Zuckerberg. “Many individuals predicted this may be a everlasting acceleration that may proceed even…
